Virtual account management
Transactional banking is forever changing thanks to the new wave of innovation entering the market, forcing treasurers to question whether they are getting the most from their bank.
Large corporates want to have a deeper and more immediate insight into their real-time liquidity position and the ability to react when changes need to be made, without intervention.
In light of these demands, banks are investing heavily in enhancing their cash management and payment platforms. One product increasingly being discussed is virtual accounts: a concept introduced in the Nordics and Asia over 30 years ago, but one treasurers are only now seeing as a necessity.
We have collaborated with our partner bancon to innovate a new Virtual Account Management solution. In our whitepaper, we focus on how such a solution can be an important tool for any corporate treasury function looking to get better oversight into the business’ real-time cash holdings.